Use CASH in DeFI apps
You can use CASH in supported DeFi apps such as Kamino to lend, borrow, provide liquidity, and more.
Before you connect to a DeFi app, make sure the CASH is in your main Phantom wallet. If it's still in your Cash account, withdraw it to your wallet first.
- CASH is the stablecoin held in your Cash account.
- CASH from your Cash account must be withdrawn to your main Phantom wallet before a DeFi app can use it.
- When connecting to a DeFi app, choose the Phantom account that holds your CASH.
Important: DeFi apps are third-party services. Phantom does not control their availability, APY, rewards, deposits, withdrawals, or product terms. Review the app carefully before connecting your wallet or depositing funds.
Step 1: Acquire CASH #
- On the Home tab, tap Cash.
- Tap Withdraw > Wallet.
- Under Accounts, tap your own account in Phantom.
- Enter the amount.
- Review the details and confirm the transfer.
Funds arrive as CASH in your selected account.
Step 2: Earn yield with CASH on Kamino #
Kamino is one example of a DeFi app that may support CASH. Before you start, confirm that the Phantom account you connect is the same account that holds CASH.
- Go to kamino.com.
- Connect the Phantom account that holds CASH.
- Choose a product that supports CASH, such as:
- Lend: Deposit CASH to earn yield, such as CASH Earn.
- Borrow: Use CASH in borrowing strategies, depending on the product.
- Liquidity: Provide liquidity in CASH trading pairs, such as CASH-USDC or PRIME-CASH.
The APY shown in Kamino can come from multiple sources, such as borrower interest and partner incentives. Phantom does not set or guarantee these rates.